On January 20, 2010, Xinhua reprinted an opinion article from China Business Times, which suggested that China economists should prevent the conspiracy of imposing more responsibilities on China while putting a stop to those who denigrate China’s economy.
Six Chinese economists led by World Bank vice president Lin Yifu presented the “Chinese Economic Forum,” held at the NYSE on January 7, 2010. The author of the article saw the forum as a good opportunity to propagandize China. For example, Lin Yifu said that stopping the purchase of Chinese goods would hurt American consumers. Lin also said that China will not appreciate the yuan in the near future since the appreciation is like a “Pandora’s box”; if the yuan is appreciated by 10%, the outside world will demand more.
Source: Chinese Business Times, February 20, 2010